© Reuters. FILE PHOTO: A general view of the Canary Wharf financial district is pictured in London, Britain, September 30, 2022. REUTERS/Maja Smiejkowska
LONDON (Reuters) – Ratings agency Standard & Poor’s cut the outlook for its AA credit rating for British sovereign debt to “negative” on Friday from “stable,” citing rising fiscal risks and an expectation of a growing government budget deficit.
S&P also forecast Britain would enter a technical recession in the coming quarters.
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